On March 5, 2000, at 1227 hours Pacific standard time, a Piper PA-46-310, N43412, collided with terrain short of runway 30 at Palo Alto, California. The airplane, owned and operated by the pilot, sustained substantial damage. The airline transport pilot and his passenger were not injured. No flight plan was filed for the pleasure flight. The flight was operating under 14 CFR Part 91, and visual meteorological conditions prevailed at the time of the accident. The flight had departed from Santa Rosa, California, at 1115, and was destined for Palo Alto. According to the pilot, the airplane landed approximately 2 feet short of the runway, and then struck the lip of the pavement, which sheered off the left main gear. The gear itself hung onto the trunnion by the brake lines until the airplane came to rest approximately 600 feet down the runway. Additionally, the airplane struck a taxiway sign with the left wing while it was traveling down the runway. The pilot told investigators that he was planning on landing on runway 30 and was using 85 knots as his target speed. He said that about 100 feet agl he noticed that he had an excessive sink rate and noticed that his airspeed was about 97 knots. He decided to trade his airspeed to cut the sink rate and said by the time he noticed it wasn't working, he was already on the ground.